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US court puts on hold permits for Kinder Morgan unit to build Tennessee pipeline

(Reuters) -A U.S. appeals court on Friday put on hold approvals and permits necessary to allow a Kinder Morgan subsidiary to construct a 32-mile gas pipeline in Tennessee, at the urging of environmental groups. The proposed Cumberland Project, set to be constructed by Kinder Morgan's Tennessee Gas Pipeline, could transport about 245,000 dekatherms per day of additional natural gas to power

2024-10-12T04:14:55Z

Swedish court upholds ruling against Tesla in labour dispute

COPENHAGEN (Reuters) - A Swedish district court on Friday upheld a preliminary ruling that Sweden's postal service Postnord does not need to deliver licence plates to Tesla, which are being blocked by the postal workers as part of a wider labour union sympathy strike. The U.S. car maker faces pressure in the Nordic countries from powerful employee unions backing mechanics from Sweden's IF Metall

2024-10-11T11:54:09Z

Japanese stocks see biggest weekly foreign inflows in six months

(Reuters) - Foreign investors increased their purchases of Japanese stocks in the week ended Oct. 5, as the yen weakened following Prime Minister Shigeru Ishiba's dovish remarks, boosting appetite for local exporters. Foreigners acquired Japanese stocks worth 919.3 billion yen ($6.16 billion) on a net basis during the week, according to Finance Ministry data, in their largest weekly net purchase

2024-10-10T06:42:26Z

U.S. equity funds see outflows on rate cut views

(Reuters) - U.S. equity funds witnessed outflows in the week to Oct. 9 as investors booked profits due to a shift in market expectations about the Federal Reserve rate cut path and a surge in bond yields. According to LSEG data, investors sold a net $342 million worth of U.S. equity funds during the week following a net $30.86 billion worth of purchases in the previous week. Investors pared back

2024-10-11T12:59:04Z

US requests information from Saab North America on Brazil fighter jet purchase

COPENHAGEN (Reuters) -The U.S. Department of Justice has requested information from a subsidiary of Saab over Brazil's purchase of the Swedish firm's Gripen fighter jets in 2014, which was the subject of a Brazilian corruption probe, Saab said on Thursday. "Saab intends to comply with the request to supply information and to cooperate with the DoJ in this matter," the company said of the U.S.

2024-10-10T16:38:05Z

Buffett's Berkshire cuts stake in BofA to below 10%

(This Oct. 10 story has been corrected to say that Berkshire has netted more than $10 billion since mid-July, not until mid-July, in paragraph 5) (Reuters) - Billionaire Warren Buffett's Berkshire Hathaway unloaded more Bank of America stock this week that takes its stake in the U.S. banking giant below 10%. Berkshire sold 9.5 million shares worth $382.4 million for this week, according to a

2024-10-11T18:04:20Z

6 Best New Items Coming To Dollar Tree in Late 2024

There is so much love about budget-conscious shopping at Dollar Tree twelve months out of the year, but if you are a fan of the discount retailer, you are going to go gaga for what they have in store...

2024-01-13T12:23:58Z

Seven & i may establish holding company for non-core assets, says Yomiuri

TOKYO (Reuters) -Seven & i Holdings is exploring establishing an intermediate holding company for its supermarket, restaurant arms and non-core assets to attract external investment and focus on its convenience store operations, the Yomiuri newspaper reported on Thursday. The retail giant's reform plans will be announced alongside its second quarter earnings later on Thursday, the Yomiuri said.

2024-10-10T03:22:16Z

Chinese equities see record weekly inflows, Japan has biggest outflow in 20 years - Barclays

LONDON (Reuters) - Emerging market stocks saw record inflows in the week to Wednesday, Barclays said citing data from EPFR, led by record inflows into Chinese equities. Chinese equities saw $39 billion of inflows, Barclays said, made up of a $30 billion inflow from domestic investors and a $9 billion inflow from foreign investors, also both records. That accounted for most of the $41 billion

2024-10-11T06:48:43Z

3 Surprising Ways Trump Sounds ‘Blue’ — and 3 Ways Harris Appears ‘Red’

Each candidate has made policy proposals that seem to buck conventional wisdom about where they stand on issues.

2024-09-27T19:30:09Z

4 States To Move To If You Want To Build Up Your Retirement Savings

When you're trying to put money away toward a big goal like retirement, it can be hard to get ahead. You're still working, but you're also still juggling multiple financial demands, which may include...

2024-09-04T15:09:54Z

Moody's cuts Volkswagen's outlook to 'negative' due to operating weakness

FRANKFURT (Reuters) - Rating agency Moody's has cut its outlook on Volkswagen to "negative" from "stable", citing a deteriorating operating performance at Europe's top carmaker and expected challenges to turn the situation around. "We expect VW's operating performance to be muted into 2025 driven by low volume growth globally including a weak domestic China and sluggish Western Europe, increasing

2024-10-11T12:59:02Z

In France's Cognac, Beijing and Brussels' EV spat spells disaster

By Sybille de La Hamaide COGNAC, France (Reuters) -In this grape-growing region of western France, where brandy producers are fretting over the fallout from a trade dispute between the European Union and China, Christophe Bouetard is more worried than most. Bouetard runs the MG Motor dealership in Cognac, making his living off selling Chinese-made electric vehicles (EVs) that will soon face

2024-10-11T18:04:24Z

Fisker bankruptcy plan approved after deal on vehicle tech support

By Dietrich Knauth NEW YORK (Reuters) - Electric vehicle startup Fisker received court approval of its bankruptcy liquidation plan on Friday, following last-minute negotiations to preserve the company's $46 million sale of its remaining inventory of about 3,000 Ocean SUVs. U.S. Bankruptcy Judge Thomas Horan signed off on Fisker's bankruptcy plan at a court hearing in Wilmington, Delaware,

2024-10-11T22:19:36Z

Fastenal marginally beats quarterly profit estimates on demand for safety products

(Reuters) - Industrial supplies maker Fastenal on Friday posted a third-quarter profit that marginally surpassed analysts' estimates, benefiting from a sustained demand for its safety products. Shares of the company rose about 4.5% in premarket trading. The Winona, Minnesota-based company makes industrial supplies including fasteners - one of its biggest revenue generators - alongside other

2024-10-11T11:54:06Z

Fed seen delivering 25 bps cut next month after inflation data

(Reuters) - Traders on Thursday added to bets the Federal Reserve will deliver a 25 basis point interest-rate cut in November after a government report showed inflation last month was a bit firmer than expected. The report showed the consumer price index rose 2.4% in September from a year earlier, more than the 2.3% economists had expected but down from the prior month reading of 2.5%. After the

2024-10-10T12:47:49Z

Starboard seeks probe after former Pfizer execs pull support for its campaign

(Reuters) - Starboard Value has asked Pfizer to set up a special committee to investigate allegations that two of its former senior executives were forced to publicly declare support for CEO Albert Bourla, the hedge fund said on Thursday. Former Pfizer CEO Ian Read and ex-CFO Frank D'Amelio, who were reportedly helping the activist investor in its plan to push the company for a turnaround, said

2024-10-10T14:42:58Z

Tesla CEO Musk unveils much-awaited robotaxi, seen as key to long-term growth

By Abhirup Roy and Akash Sriram (Reuters) -Tesla CEO Elon Musk showcased a long-promised robotaxi with two gull-wing doors and without a steering wheel or pedals at a much-hyped event on Thursday, paving the path for what he has bet will drive long-term growth for the electric vehicle maker. Enthusiasm around the event has been on display across social media, with screenshots of invites and

2024-10-11T03:03:34Z

ExxonMobil-led consortium to continue seismic research for gas off Crete, says Greece

ATHENS (Reuters) - An ExxonMobil-led consortium will move to the second phase of seismic research for gas exploration in a block off the Greek island of Crete, Greece said on Thursday. Hellenic Hydrocarbons and Energy Resources Management Company (HEREMA) said that the consortium of ExxonMobil and Hellenic Energy have acquired a total of 7,789 kilometres of two-dimensional seismic data in the "

2024-10-10T08:27:38Z

Bain makes binding offer for Fuji Soft, 7% higher than rival KKR

TOKYO (Reuters) -U.S. buyout fund Bain Capital made a binding offer to buy Fuji Soft for 9,450 yen a share in a deal that values the Japanese software developer at $4 billion and outbids rival KKR by about 7%. Bain said in a statement on Friday it planned to launch the offer late this month if it can get Fuji Soft's backing. Bain and KKR have been engaged in a rare showdown to take over the

2024-10-12T06:15:01Z

How Much an Auto Loan Will Cost You for a New Car in These 14 East Coast States

Are you in the market for a new car on the East Coast? Plan for steep vehicle prices and a costly auto loan. Check Out: 6 SUVs That Last Longer Than You Think and Are Worth the Money For You: 3 Things...

2024-10-12T19:24:46Z

Dollar Tree: 9 High-Quality Items To Buy Now

Shoppers already know they can find great deals at Dollar Tree. What they may be less familiar with is the discount retailer's expanded inventory range. There are more choices, and popular brands, to...

2023-11-06T00:23:15Z

Federal Aviation Administration approves SpaceX Starship 5 flight

WASHINGTON (Reuters) - The Federal Aviation Administration approved a license on Saturday for the launch of SpaceX's Starship 5 set for as early as Sunday. Reuters first reported earlier this week the faster than expected timetable after the FAA in September had said it did not expect a determination on a license before late November. The FAA said on Saturday SpaceX has "met all safety,

2024-10-12T17:25:35Z

6 Best Kirkland Items To Buy at Costco in October

With the promise of cooler weather, kids in school and the leaves starting to fall, October is a perfect time to shop at Costco. Check Out: 6 Expensive Costco Items That Are Definitely Worth the Cost...

2024-09-21T13:01:25Z

Sainsbury's biggest investor QIA cuts holding

LONDON (Reuters) -The biggest shareholder in Sainsbury's, the Qatar Investment Authority (QIA), is selling 306 million pounds ($399 million) worth of shares in the British supermarket group, according to regulatory filings. Shares in Sainsbury's were down nearly 5% in early trading Friday. The filings show QIA offered 109.4 million shares at a price of 280 pence, about 5% of its holding. Prior

2024-10-11T07:48:51Z

7 TJ Maxx Items That Would Make Great Christmas Gifts for Retirees

When shopping for Christmas gifts for retirees, look no further than TJ Maxx. The discount department store chain offers a wide variety of items that are both practical and indulgent for the older...

2024-10-12T17:09:46Z

7 Little Luxuries To Buy at Marshalls This Fall

All of a sudden, the air has a snap to it again, which reminds you that you are woefully ill-prepared for treating yourself this fall. The only cure for this very specific seasonal depression is to...

2024-09-16T22:14:51Z

Eni CEO says U.S. funds are showing confidence in group's strategy

MILAN (Reuters) - U.S. investment funds are showing confidence in Eni's strategy of spinning off growth businesses in order to attract financial resources, the Italian energy group's CEO Claudio Descalzi said on Friday. Under its so-called 'satellite' strategy, Eni has created several companies dedicated to low-carbon businesses and upstream assets and is currently in talks with U.S. fund KKR to

2024-10-11T16:04:11Z

Japan's Seven & i to bundle non-core assets into holding company, as Couche-Tard looms

TOKYO (Reuters) -Japan's Seven & i Holdings will set up a holding company for its non-core assets to bring in outside investment and is planning to change its name, the retailer said on Thursday. The announcement marks an acceleration in its plans to boost corporate value and focus on its core convenience store business in part to resist a takeover bid by Canada's Alimentation Couche-Tard (ACT).

2024-10-10T06:42:31Z

These 10 Used Cars Will Last Longer Than an Average New Vehicle

Given the turbulent economy over the past five years, finding a car that lasts longer than 200,000 miles isn't a matter of pride -- it's a financial planning near-necessity. Thankfully, cars last much...

2024-03-21T19:13:31Z

How Fast You Can Expect To Sell Your Home in These 19 California Housing Markets

Many potential homeowners dream of the California real estate market, as it is one of the most dynamic and sought-after in the country. The Golden State is one of contrasts -- its vast geography...

2024-10-12T17:09:46Z

US judge to hear objections to Boeing plea deal in fatal crashes

By Mike Spector NEW YORK (Reuters) - A federal judge is set to hold a hearing on Friday to consider objections from relatives of people killed in two Boeing 737 MAX crashes to the U.S. planemaker's agreement to plead guilty to conspiring to defraud regulators. U.S. District Judge Reed O'Connor in Fort Worth, Texas, is slated to hear arguments from Boeing and federal prosecutors arguing he should

2024-10-11T17:04:21Z

Sanofi in talks to sell 50% stake in consumer health business to CD&R

(Reuters) - Sanofi has entered into discussions with U.S. private equity firm Clayton Dubilier & Rice to sell a controlling 50% stake in its consumer health business Opella, the French pharmaceutical giant said on Friday. The announcement confirms an earlier Reuters report about the sale estimated at 15 billion euros ($16.41 billion). Sanofi did not disclose any financial details of the

2024-10-11T06:48:48Z

Venture capital investors wary of dealmaking despite stock market momentum, report says

By Niket Nishant (Reuters) - Venture capital investors in the United States remained cautious about dealmaking amid economic uncertainty, according to a PitchBook-NVCA report released on Thursday, underscoring challenges in the industry despite a rally in public markets. About $37.5 billion of deals were clinched in the third quarter ended Sept. 30, nearly 32% lower than the preceding quarter,

2024-10-10T04:12:19Z

5 Ways Retirees Can Save $20 on Everyday Essentials

After you hit retirement, you're usually watching your cash flow. With not a ton coming in, it's important to find places to cut corners in a way that'll pad your pocketbook without feeling like a...

2024-10-09T13:08:38Z

Fragrance and flavour maker Givaudan tops Q3 sales forecast on strong demand

(Reuters) -Swiss fragrance and flavour maker Givaudan reported third-quarter sales above analysts' expectations on Thursday, driven by sustained high demand across its markets. Givaudan's sales rose 10.2% to 1.91 million Swiss francs ($2.22 million) on a reported basis in the July-September period, ahead of analysts' average forecast of 1.86 billion francs in a poll compiled by the company.

2024-10-10T05:02:21Z

Morningstar DBRS cuts estimate for Milton insured losses to $30-60 billion

By Carolyn Cohn LONDON (Reuters) - Insured losses for Hurricane Milton are likely to range between $30 billion and $60 billion, Morningstar DBRS analyst Marcos Alvarez said on Friday, below the credit ratings agency's highest estimates before the hurricane hit. Hurricane Milton cut a destructive path across Florida this week, but the Tampa Bay area appeared to sidestep the storm surge.

2024-10-11T10:48:57Z

10 Billionaires Most Likely to Become the World’s First Trillionaire

Can you guess which billionaire is most likely to achieve trillionaire status before the rest?

2024-09-19T19:26:53Z

5 Kohl’s Items Retirees Need To Buy Before Winter Hits

Feel that chill in the air? It can mean only one thing! Winter's on its way, and now is the time to prep your wardrobe. For those retirees looking to stay cozy without fully breaking their budget,...

2024-10-12T16:24:45Z

Anduril to sell small, affordable drones after success in Ukraine

By Mike Stone WASHINGTON (Reuters) - Anduril Industries released new, autonomous drones on Thursday for intelligence gathering and lethal missions, to take advantage of surging demand spurred by the success of similar products in Ukraine that are much cheaper than fighter jets. Russia's invasion of Ukraine has highlighted the importance of loitering munitions - lightweight aerial weapons that

2024-10-10T04:12:21Z

Air Canada pilots ratify labor deal, eliminating risk of strike

By Allison Lampert MONTREAL -Air Canada pilots have voted to ratify a new four-year labor deal with the country's largest carrier, the union said on Thursday, eliminating the risk of work stoppages despite concerns by some members about pay for entry level aviators. The agreement received 67% votes in favor, said the Air Line Pilots Association (ALPA), which represents the workers. Air Canada

2024-10-10T15:38:01Z

Cheapest Places To Buy a Home in Every State

According to Zillow, the typical home value in the United States is about $350,091. Depending on the home, the state, the neighborhood, your local cost of living and the market, the amount varies...

2023-03-16T22:53:07Z

He flies business and first class multiple times a year — all on credit card points

Flying business and first class may seem out of reach for most travelers, but a right mix of credit cards can speed up the journey to those coveted cabins.

2024-10-10T01:36:06Z

Boeing files unfair labor practice charge against striking union

WASHINGTON (Reuters) - Boeing said late on Thursday it filed an unfair labor practice charge with the National Labor Relations Board against the union that represents about 33,000 striking U.S. West Coast factory workers. The planemaker said the International Association of Machinists and Aerospace Workers unit representing the workers had failed to bargain in good faith during the four-week work

2024-10-11T08:48:53Z

ECB accounts show cautious stance on further policy easing

FRANKFURT (Reuters) - European Central Bank policymakers appeared content with the drop in inflation when they met last month but argued for a gradual policy easing given lingering domestic price pressures, the accounts of their Sept 12 policy meeting showed on Thursday. The ECB cut interest rates last month and said it would keep an open mind about October but a long list of policymakers have

2024-10-10T11:52:48Z

4 Little Luxuries To Buy at Costco This Fall

There is a phrase that we should all be living by more: "Treat yourself." That does not necessarily mean you have to spend a lot of money or go on an exotic vacation to make yourself feel special. In...

2024-09-06T12:10:48Z

TD Bank faces $3 billion in penalties as part of US settlement, WSJ reports

(Reuters) - Canada's TD Bank is expected to pay about $3 billion in penalties as part of a settlement with U.S. regulators and prosecutors over charges it failed to properly monitor money laundering by drug cartels, the Wall Street Journal reported. The bank's U.S. unit is expected to plead guilty on Thursday to the charges, the report said on Wednesday. TD Bank did not immediately respond to a

2024-10-10T00:52:13Z

Teva agrees to pay $450m to resolve kickback allegations, US Justice Dept says

WASHINGTON (Reuters) - New Jersey-based drugmaker Teva has agreed to pay $450 million to resolve allegations that it violated an anti-kickback statute and the False Claims Act, the U.S. Justice department said in a statement on Thursday. "Kickbacks designed to induce referrals or purchases of healthcare goods or services distort physician and patient decision-making, thwart competition and bypass

2024-10-10T20:23:20Z

India's high food inflation leaves less in lunch boxes of poor school children

By Jatindra Dash, Saurabh Sharma and Ira Dugal ODISHA, India (Reuters) - Nearly two years of elevated food inflation in India is leaving less in the lunch boxes of impoverished children, as government funded school meals suffer cutbacks because of rising prices of vegetables, fruits and pulses. The three-decades old programme, intended to draw poor children into school and provide them with

2024-10-11T06:48:48Z

CD&R nears deal to buy Sanofi's consumer unit for $16 billion, Bloomberg News reports

(Reuters) - Private equity firm Clayton Dubilier & Rice (CD&R) is nearing a deal to acquire Sanofi's consumer health unit for about 15 billion euros ($16.4 billion), Bloomberg News reported on Thursday. Sanofi has been planning to spin off or sell its consumer unit to shore up new drug development spending at its core business. The deal could be announced in the coming days, the report said.

2024-10-10T21:23:11Z